XRP Surges Past $3 After Ripple’s Legal Victory Against SEC

XRP has staged a dramatic comeback, crossing the $3 threshold following Ripple’s decisive legal victory against the U.S. Securities and Exchange Commission (SEC). The move marks one of the most significant price milestones for the cryptocurrency since its prolonged legal battle began nearly five years ago.

The surge came after the U.S. Court of Appeals for the Second Circuit approved a Joint Stipulation of Dismissal filed by both Ripple and the SEC earlier this month. The decision, confirmed on August 7, officially closes the highly scrutinized lawsuit that had cast a long shadow over XRP and its global adoption. Legal analyst James K. Filan confirmed the resolution, calling it a “historic moment for Ripple and the broader crypto community.”

Markets responded swiftly. XRP jumped from lows of $2.78 to highs of $3.10, stabilizing just above $3 in weekend trading. At the time of writing, the token was up more than 8% in 24 hours, with trading volumes soaring 83% to nearly $10 billion. The rally also pushed XRP back above its 50-day simple moving average (SMA) at $3.01, a level closely monitored by technical traders.

This legal resolution removes what many investors considered XRP’s most significant obstacle. Since 2020, the SEC had argued that Ripple’s sales of XRP constituted unregistered securities offerings. Ripple, however, maintained that XRP should be classified as a digital asset, not a security. The drawn-out case led to exchange delistings and uncertainty that weighed heavily on price performance and investor sentiment.

The timing of the rally coincided with broader market optimism sparked by Federal Reserve Chairman Jerome Powell’s remarks at Jackson Hole, where he hinted at the possibility of a rate cut in September. That macroeconomic boost added fuel to XRP’s momentum, as traders sought assets poised for recovery.

Meanwhile, Ripple continues to expand its ecosystem. Its stablecoin, Ripple USD (RLUSD), has seen growing traction, supported by a memorandum of understanding with Japanese financial giant SBI VC Trade to distribute RLUSD in Japan. Earlier this week, RLUSD also featured in Bullish exchange’s historic $1.15 billion IPO settlement, further signaling mainstream institutional adoption.

Looking ahead, traders are watching whether XRP can consolidate above $3 to establish strong support before testing higher resistance levels at $3.38 and $3.66. A sustained break above those points could set the stage for a broader rally, while failure to hold $3 could see a retracement toward the 200-day SMA at $2.46.

For Ripple, however, the significance of this moment extends beyond price action. The closure of the SEC case represents a regulatory turning point not only for XRP but for how digital assets are defined in the United States. With legal uncertainty finally resolved, Ripple now has the runway to expand its cross-border payment solutions and stablecoin initiatives without the specter of litigation.